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994 Valencia Street
Costa Mesa CA 92626 US

$3,385,000

Active Under Contract Listing ID OC25221298
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10 bed
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9.00 Bath (9 Full)
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Lot: 6,719.00 Square Feet
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Other

$3,385,000

Active Under Contract Listing ID OC25221298
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994 Valencia Street Offered at $3, 385, 000, this 6-unit multifamily property in Costa Mesa provides a strong turn-key opportunity in a supply-constrained market. Originally constructed in 1964 as a 4-plex, the building was expanded in the past year with the addition of two brand-new ADUs. The property now totals 5, 267 SF and has been extensively renovated with over $750, 000 in recent improvements, including modern unit interiors and durable finishes. The unit mix includes studio, one-, two-, and three-bedroom layouts, designed to capture a wide range of tenant demand. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation. Located near South Coast Plaza, The Camp, and major transportation corridors, the property combines stable tenant demand with proven rental performance, making for a strategic investment in a highly sought-after Orange County submarket.

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Property Features

  • Facts
  • Lot Size: 6,719.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 9
  • Cooling System: Multi Units, Wall/Window Unit(s), Window Unit(s)
  • Exterior Finish: Fence, Community Features Included: Biking, Golf, Park, 21-25 Units/Acre, Rectangular Lot
  • Floor Covering: Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Central, Ductless (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3385000
  • unparsedaddress: 994 Valencia Street
  • postalcity: Costa Mesa
  • stateorprovince: CA
  • country: US
  • postalcode: 92626
  • bathroomsfull: 9
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.154247015610652
  • lotsizeunits: Square Feet
  • lotsizearea: 6719
  • livingarea: 5267
  • livingareaunits: Square Feet
  • latitude: 33.676801
  • longitude: -117.898696
  • listagentfullname: John Allen
  • listagentemail: johnclydeallen@gmail.com
  • listagentkey: 3yd-MRMLSCA-OCALLEJOH
  • listagentmlsid: OCALLEJOH
  • listagentpreferredphone: 7146519706
  • listagentofficephone: 7145003300
  • listofficekey: 3yd-MRMLSCA-H894
  • listagentstatelicense: 01939546
  • listofficemlsid: H894
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1964
  • listingcontractdate: 2025-09-23
  • listagenturl: http://www.johnclydeallen.com
  • countyorparish: Orange
  • parcelnumber: 14166431
  • appliances: Dishwasher, Garbage Disposer, Microwave, Oven - Convection, Washer
  • cooling: Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Frame, Glass
  • flooring: Vinyl
  • heating: Central, Ductless (Heating)
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 4
  • parkingfeatures: Assigned, Garage
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Granite Counters, None, Double Door Entry, Window Features: Blinds, Screens
  • exteriorfeatures: Fence, Community Features Included: Biking, Golf, Park, 21-25 Units/Acre, Rectangular Lot
  • architecturalstyle: Modern
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -117.8987, 33.6768
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"House of Seven Gables Real Estate Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"johnclydeallen@gmail.com", "ListBrokerageCity":"Tustin", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mikeh@sevengables.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/2dc25bb09cea11e4a8516ecbe8fd6c0e/20180512072957728.png", "ListBrokerageName":"House of Seven Gables Real Estate Inc.", "ListBrokeragePhone":"(714) 731-3777", "ListBrokeragePostalCode":"92780", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"12651 Newport Ave", "ListBrokerageWebsiteUrl":"https://sevengables.com", "ListOfficeAddress1":"19671 Beach Blvd Ste 100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"EHICKMIC", "ListOfficeCity":"Huntington Beach", "ListOfficeCountry":"US", "ListOfficeEmail":"mikeh@sevengables.com", "ListOfficePostalCode":"92648", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial/Residential, Modern - Costa Mesa, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/994-Valencia-St-Apt-4_Costa-Mesa_CA_92626_M10469-24827?f=listhub&s=MRMLSCA&m=OC25221298&c=rexren", "MLSModificationTimestamp":"2025-10-15T11:52:53Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Commercial/Residential", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/15/2025 9:09:29 PM GMT
Source Updated Date: 12/6/2025 12:40:37 PM GMT

Courtesy of: John Allen, Seven Gables Real Estate, johnclydeallen@gmail.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.